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Cost Accounting: Chpt. 1

Across
The sequence of business functions by which a product is made progressively more useful to customers
The process of measuring, analyzing, and reporting financial and nonfinancial information that helps managers make decisions to fulfill the goals of an organization
Describes the flow of goods, services, and information from the initial sources of materials and services to the delivery of products to consumers
Managers spend resources if the expected benefits to the company exceed th eexpected costs
Consists of selecting an organization's goals and strategies, predicting results under various alternative ways of achieving those goals, and communicating the goals and how to achieve them to the entire organization
The quantitative expression of a proposed plan of action by management and is an aid to coordinating what needs to be done to execute that plan
Down
The process of measuring, analyzing, and reporting financial and nonfinancial information related to the costs of acquiring or using resources in an organization
Focuses on reporting financial information to external parties such as investors, government agencies, banks, and suppliers based on GAAP
Person in charge of management accounting and financial accounting
Comprises taking actions that implement the planning decisions, evaluating past performance, and providing feedback and learning to help future decision making
Chief Financial Officer
Specifies how the organization matches its own capabilities with the opportunities in the marketplace